Gross Pay for Compensation Agreements with Day-based Time Units
This feature allows Maconomy to support daily time units on compensation agreements.
It also allows for different Payout Day options, including calendar days, weekdays, weekend days, calendar working days, week working days, and weekend working days.
For supporting daily time units on compensation agreements, we let the amount (A) on a compensation agreement be the amount paid out for every agreement pay period of N whole days. For a calculation period (P) of M days, we have the effective period (E), which consists of all dates within the calculation period that fall within the employment period and the period specified on the agreement. Agreements with an empty effective period do not contribute to the calculation of gross pay. We thereby have
.
For the effective period E we let D(E) denote the number of days with payout in the effective period, where D is defined by the “Payout Days” field on the agreement.
The gross pay for compensation agreements with daily time unit and of calculation type amount is calculated using the following method:
A / N * D(E)
where
- A = Amount on the compensation agreement.
- E = Effective period.
- D = Days with payout in the given period.
- N = Number of whole days in the pay period of the compensation agreement.
Gross Pay Example
You are employed starting Monday, January 9 (2017) and the calculation period is January 1: January 31. We then have that E = January 9–31. Suppose that the agreement is €100 per day and your fixed working time is 8 hours Tuesday–Saturday. The result for each of the different Payout Day options are as followed:
| Option | Calculation | Result |
|---|---|---|
| Calendar days | €100 / 1 * 23 | = €2300 |
| Week days | €100 / 1 * 17 | = €1700 |
| Weekend days | €100 / 1 * 6 | = €600 |
| Calendar working days | €100 / 1 * 16 | = €1600 |
| Week working days | €100 / 1 * 13 | = €1300 |
| Weekend working days | €100 / 1 * 3 | = €300 |